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something out, how to avoid taxes, and reduce spending on medicare. but it is not yet clear when the lawmakers and the president will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. so i -- i would be pleasantly surprised to see it -- a deal emerge earlier than the end of the year, but we'll see. >> reporter: and martin, even though there is not another meeting between the president and lawmakers on the president's schedule, that could certainly change. we know that senate majority leader reid said they hope to have another meeting with the president this week. >> athena jones, thank you, at the white house. >>> and president obama went christmas shopping today. the president and his daughters shopped at an independent store in virginia. the obamas are participating in the third annual event, the white house bought 15 books. >>> and cyber deals, no longer just for monday. they participated in the deals before bla
of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>neil: and guess what is topic one at the u.n. climate control? hurricane sandy, a storm they are still cleaning up and environmentalists hope they will be clean will up there, where some countries using the storm that dislocated thousands to now redistribute wealth to the tune of billions. all in the name of climate change. our reporter says that will cost a lot more that chump change. what is going on here? >>guest: well, this is like pavlov dogs, the activists think we need more taxes and regulations to stop bad weather. this is a primitive form of science. to use hurricane sandy as a poster child for global warming as the united nations and al gore is now doing, that makes as little sense as you can possibly imagine. we are at 30 or 40
? his proposed, i don't know. the medicare, medicaid, reform to get the tax cuts. >> bob: there will be form of entitlement of increasing the age of retirement age for social security, or taxing people. there are things in the works here. they won't let it happen at one time. you are doing this to protect people making moment. >> eric: a number came out, if you go ahead and let the bush tax cuts expire you raise eight or nine days of government. >> dana: the failure of the super committee is the reason we're here. they were supposed to get to a deal. they couldn't get to one. president obama and congress kicked it to this year. now we lead up to this moment. last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of
congressman who's unwilling to make any cuts to social security and medicare. if more sign on to his way of thinking, are we sure to go over the fiscal cliff? >>> defense companies are hoarding cash ahead of the fiscal cliff as well. could they be the next companies to reward shareholders with big, special dividends, or are they worried they'll need the cash because a bad storm is approaching courtesy of the fiscal cliff? back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 depos
, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups to give way on their opposition to changes in medicare and medicaid. >> we cannot standby on the side lines in denial that this is ever going to engage us in the things that we value. we can't be so naive to believe that just taxing the rich is going to solve our problems. wlook to reform and change that is significant, that preserves many of the values and programs that brought us to political life. >> brown: for his part senate page ontario leader harry reid declared himself extremely hopeful even as the end of the year and the end of the current congress rapidly approach. as this debate has unfolded we've been
healtlth professions who helped us achieve the highest average star rating among national medicare ompanies... and become the first and only tional medicare advantage company to achieve a 5-star rating for a medicare plan... your forts result in the quality of care and service we're able to provide... which means better health outcomes... and more quaty time to share with the ones who matterost. i love you, grandma! [ le announcer ] h humana. ♪ >> no question about it, it's a trend. we've got another company paying shareholders a big dividend, ap taxes could go up in the you new year and today it's costco, paying a one time special dividend the $7 a share, and paying on september 18th and if the fiscal cliff hits, taxes on dividends go way up after january the 1st, and the total payout for costco is 3 billion dollars and doing it this year would save shareholders as much as 700 million in total in taxes, good deal. and a big drop today for the fresh markets, that's the fresh markets, that's the stock, a grocery store chain apparently, didn't know of it. didn't earn much money, it spent m
announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consir an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance compan like all standardized medicare suppment plans, they cover some of what medicare doesn't p. and could save you in out-of-pocket medical costs. call today to request a free decision guide toelp you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions whhave already enrolled in the only medicare supplement pns endorsed by aarp, an organization serving the needs of people 50 and over for genera
about this compromise and where we are. mr. speaker, saving social security and medicare is a priority that i believe both political parties share, contrary to much of what has been put out there. it is something to address in this measure. we are going to be able to save social security and medicare. creating jobs -- democrats and republicans talk about that. how is it that we will be able to do that? getting our fiscal house in order is a very important step in our quest to ensure that the people who are hurting and looking for jobs will have an opportunity to get them. sending a positive signal to the global markets that we are the world's economic, military, and deal political leader by increasing the debt ceiling, we are sending a positive signal that we will continue meeting our obligations and responsibility. at the same time, dramatically reducing spending, the problem that has gotten us to this point, is what we're doing for the first time ever. after 75 times increase in the debt ceiling, we are finally getting to the root cause. the problem is our debt. we are going to turn
are live at the breaking news desk of that story [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosg the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the information you need so you'll be better prepared when making medicare decisions. maybe you'd just like help paying for your prescriptions. consider a part d prescription drug plan. it may help reduce the cost of your prescription drugs. remember, open enrollment ends friday, december 7th. call unitedhealthcare to learn about medicare plans that may be right for you. call now. jenna: rating news from the world of sports. a former boxi
from medicare, if they don't get what they want let the country go over the cliff, let the car jump off the cliff. then they will be in a stronger position to negotiate for the tax increases that they want on the other side. this can't be good news for the president who desperately needs to have a deal done so that he does not see the country plunged into fresh recession just as he is sworn into office. megyn: but now there are some who are predicting okay, yes even though this would be calamitous, it wouldn't be that calamitous if we got into january, it happened but only happened for a few weeks. then they struck a deal. the thinking of these democrats, reportedly, chris, the republicans are going to be much more likely to strike a deal if the tax hikes have automatically taken place on january 1, than then can swoop in as saviors who lower tax rates on everybody after they secretly just hiked them? we won't understand what just happened. >> well, there is some of that that the, what the republicans would be able to do thin would be, instead of having to ever vote for a tax increase o
discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's what we said: "let's start with a plan that wipes those out." >> reporter: their plan also called for deep spending cuts-- $200 billion a year-- and streamline both the pentagon and the
in return for defying part doctrine they must have changes in social security and medicare. >> i will sign only if they undo entitlement reform. >> reporter: be president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first post election press conference. >> we have to continue to take a serious look at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted tax rates must rise. today a top democrat signalled openness to the republican stance. revenue could be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just are
in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> welcome back, everybody. well, the biggest online shopping day in history has just ended. the cyber monday numbers aren't all in just yet. but it appears online sho
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly impve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought
is sign a grand bargain where they will cut social security, cut medicare, cut programs for the poor. >> but will they actually cut taxes on the rich? not raise them, cut them. they wouldn't do that, will they? you are about to find out. >> republican goes after susan rice. >> absolutely it was wrong. >> here's what i can tell you. the american people got bad information on 15 september. >> some surprising opinions on that. stay right here for that, as well. then a movie about how we got bin laden but did they get classified information? that's a new controversy. >> you think you know the story but hold on to your seat. >> it's a huge controversy. an investigation was begun about you receiving classified material. >> who's guilty, who's innocent? we decide here on the "young turks." also, the man who created pulp fiction, kill bill, inglorious bass starteds on the set today. and republican on republican crime, elbow of the day. go time. [ ♪ theme ♪ ] >> cenk: david pluck is one of the to which advisers for president obama. he's talking about what they're going to do in regards to
the war on poverty. he launches so many great society programs, medicare. so the first year, let's say, 1965 or let's say the first seven months, you say, this is a man who's going to leave his mark on history. you know, they say the moral arch bends justly, but it bends slowly. i didn't say that. martin luther king says that. but you really feel that johnson tries to bend it. >> what i was struck by, when you watch some of the old footage, the language johnson used was a kind of language almost no american president had ever used. it was so full of idealism, it was about ending poverty, lifting up every american, providing everyone with education. it is the most expansive domestic, you know, idealism, that i can recall any president ever having. >> you know, and people working with him could hardly believe it, like richard goodwin who was speech writer for kennedy, then johnson brings him on board, asks him basically about civil rights, you know, and johnson says, you know, referring to the time he was 20 years old and he was teaching the mexican/american kids in a little town in sout
cuts as i think you're getting at, you know, cuts to programs like medicare. is that something we could see taking shape here? >> you're talking about getting rid of redundancies. great example, 342 economic development programs that are in the federal government system. let's start cleaning up these redundancies. let's do some of these across the board cuts in discretionary spending. let's make certain that medicare and social security, which are trust funds, not entitlements, they're trust funds, that they meet their obligation to our seniors and near seniors. let's look at how they become long-term sustainable, because right now the liabilities that we have on the books for the federal government, this is something we have got to deal with. and, brooke, you know what, the president is doing is saying, look, let's address a tenth of the problem. let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do som
like to pretend as though they're the great protectors of social security, medicare, and medicaid. they make solemn pledges all the time about how they won't even entertain a discussion about reform. what they don't say is that ignoring these programs is the surest way to guarantee their collapse. all we're calling for is an honest conversation. we all know these programs are in trouble. let's figure out a solution. when it comes to entitlements, republicans are guided by a simple principle: we don't want americans to age into a system that no longer exists. we do not want americans to age into a system that no longer exists. we want to protect them and to protect people's investment in them. but we can't do it alone. reform is something that can only be done by both parties together. that's the reality. and there's been a scandalous lack of leadership on this issue for years among democrat leaders in washington because they think it's a winner politically. what i'm saying is that the democrats just won the election. congratulations. turn off the campaign and recognize the opportu
they shouldn't do the happy dance just yet. republicans will want payback, as in medicare, medicaid and social security. so for all of you who want tax hikes for the wealthy, what are you willing to give up in return? on social security? raising the retirement age to 70? on medicare, a total revamp is in instead of the government paying your medicare bills, you pay them with help from the government? you tell me. talk back question this morning, what should republicans expect in return for new taxes? facebook.com/carolcnn. facebook.com/carolcnn. your comments later this hour. >>> more republican lawmakers -- well, as i just said, they're willing to break that no new tax pledge. we'll talk about that with our political panel, next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ gruntin
brought to you by united health care. ♪ the fun i've missed medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization servin
and in health. carol and i needed help figuring out what's covered by medicare and what's not. so we turned to the same folks we've relied on for health insurance all these years. announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers. you only have until december 7th to enroll. of using toothpaste to clean their denture. but dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with
of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> we know how the hunt for osama bin laden ended, with a dramatic raid by elite s.e.a.l. team six but just how bin laden was found and killed remain largely a mystery. now, it's the subject of a new movie by the director and screenwriter behind the oscar-winning movie "the hurt locker." abc's senior foreign correspondent martha raddatz covered this story from the start and shared her insights wi
. carol and i needed help figuring out what's covered by medicare and what's not. so we turned to the same folks we've relied on for health insurance all these years. announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers. you only have until december 7th to enroll. >>> alarming new study says parts of the bay area have higher rates of breast cancer. it finds the western half of contra costa county, northern alameda and parts of santa rosa and san mateo counties have rates 10 to 20% higher than the state average. the study didn't identify the reasons why, experts say one possible explanation is economics. women in some of these areas are more likely to b
in the summer and say, don't bring in your healthcare reform stuff, don't bring in your medicare, don't bring in social security, focus exclusively on the question of whether or not you will raise taxes in order to offset these automatic cuts. the white house is trying to portray this as a one-for-one deal that they are going to renegotiate what they already negotiated in august. they say if republicans want less spending cuts on the defense side they better be willing to give up on the tax side and have tax increases. i think they are perfectly willing as it stands now to take it off the cliff and let the taxes go into effect, because if the republicans won't give them what they want on a tax rate increase for top earners they think they will get them later once people are outraged that their taxes went up. megyn: but, to not offer any spending cuts, what would be the republican incentive to agree to raising taxes on the wealthy if they don't get anything in return? >> well, the incentive would be from the president's point of view, is that everybody's taxes will go up anyway and once you ge
what's covered by medicare and what's not. so we turned to the same folks we've relied on for health insurance all these years. announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers. you only have until december 7th to enroll. >>omg up on katie, magic johnson, kathy ireland and karim abdul jabbar. >> then at 4:00, the san francisco man charged with practicing medicine without a license back in court today, we'll hear from some of his victims. at 5 a good samaritan in the south bay comes to the rescue of two women and their puppy caught in a mobile home fire. those stories and more today. >>> still plenty of rain. one last look at where the rain is
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and whh aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement pla endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement pla
? this is big news. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. >>> closed door fiscal talks continue in washington this week despite the thanksgiving holiday. next week, you can expect a little more urgency as the full congress returns to town. facing debt is nothing new for us. in fact, it's helped shape our country and accomplish incredible things like the expansion westward and the louisiana purchase, florida, texas and california. those cost money, you know. our next guest argues that, yes, we are a country of dreamers and also a country of defalters. in t
ahead, mark your calendars. it's the last day you can switch your medicare part d plan. we're ready, and we can't wait to switch. what i wanted was simple: the most value for my dollar. so, now that it's time, we're making the move to a plan that really works for us. [ male announcer ] make the switch to an aarp medicarerx plan, insured through unitedhealthcare. open enrollment starts october 15th and ends december 7th. call now for a free information kit. you'll receive a summary of plan benefits and an enrollment form. discover why these part d plans are so popular with over 4 million plan members and counting. with predictable copays and plans with no annual deductible, you could start saving with your first prescription. plus, we'll be covered at like 60,000 pharmacies. so if we visit our kids in portland or go anywhere in the country, we know we're covered. [ male announcer ] the new preferred pharmacy network lets you enjoy copays for as low as $1 at thousands of pharmacies in retail locations like these. unitedhealthcare has worked to get low costs for plan members. [ man ] i
announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. so now's the time. on black friday, it doesn'ty bird...or matter,liest bird? as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. >>> black friday is off to its earliest start yet w
of entitlement reforms in medicare and social security that senator graham is saying are prerequisite to a deal. >> let me tell you, first, george, and you know this, social security does not add one penny to our debt. not a penny. it's a separate funded operation. and we can do things and i believe we should now, smaller things, played out over the long term that gives its solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. those who say don't touch it, don't change it are ignoring the obvious. we want medicare to be there for today's seniors and tomorrow, as well. we don't want to go to the poll and voucherizing it and we can make meaningful reforms without compromising the integrity of the program, making sure that the beneficiaries are not paying the piece for it except perhaps the high income beneficiaries. that to me is a reasonable approach. let me salute lindsey graham. what he said about revenue in needs to be said on his side of the aisle. we put everything on the table. >> does that include raising the age for medicare eligibility? >> here's my
thing when it comes to entitlement spending. they want cuts, serious cuts in medicare, medicaid. will the liberal base of the democratic party go along with the president if he puts that into the deal? >> probably not. and part of the reason is because the democrats are in such a much more commanding position. you're talking about medicare, medicaid, social security. these are programs that are popular and working. if you look at social security, cbl says this program is solvent until 2038. you have a hard time convincing ordinary people there's some big emergency there. the tax cuts for the wealthy are budget busters. you have a hard time getting ordinary people to understand why we should take a chainsaw to middle class programs that are working, that are popular. to get republicans to do something that right now they're going to have to do anyway once january 1 comes. >> what will the democrats do to bring in the republicans to convince the republicans they're really going to cut spending? >> i think the spending cuts are on the table now with regard to defense. which i think
've meant medicare and medicaid. >> i refer to health care programs and i think the president has long made clear that he is open to discussions about strengthening social security as part of a separate tract. we should address the drivers of the deficit and social security is not currently a driver of the deficit. >> they made that abundant ly clear. when they say entitlement reform it does not include social security and what they define it as. grover norquist is having to defend himself after several prominent senate republicans indicated a willingness to break his famous pledge, arguing republicans who agree to tax hikes just like they did under president bush. >> it is important that the republicans don't have their fingerprints all over the murder weapon, their fingerprints all over a lousy budget deal with tax increases and no real spending, just as happened to republicans in 1990 which cost us the presidency in '92. >> "the wall street journal" defends norquist today writing, quote, the voters are smart enough to know that republicans who focus on mr. norquist are part of the proble
achievements of the past century, social security and medicare, on the chopping block in exchange for that. that shouldn't be in exchange for that, because if we simply do nothing, the republicans lose everything they want. >> such a great point. dan, speaking of republicans not recognizing the new reality, grover norquist has been furiously trying to spin the fact that there are several senators and members of congress who are moving away from his sacred pledge. let's take a listen to a little bit of grover. >> the pledge is not for life, but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than two years or something. no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the same thing with other people who are elected because they made that written commitment to the people of their state. >> that sounds like a threat. >> why does he keep making this romantic sexual thing? >> d
, republicans want changes to medicare and medicaid, cuts they say will keep both of them solvent for future generations. in exchange, one possible deal would eliminate deductions for the wealthy, maybe even the very popular mortgage deduction. and while republicans have been more open to revenue, that does not mean tax rate increases. many democrats insist that tax rates for the wealthiest americans absolutely have to go up. but they don't necessarily agree on how much they should rise. let me bring in usa today's washington bureau chief, susan page, and ryan grim. good morning to both of you. >> hey, good morning. >> good morning. >> we've laid out some of the basics there and warren buffett was out this morning talking about taxing the wealthy. he says there should be a minimum tax on millionaires. take a listen. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes, and then they've watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> you kno
not be the entitlements, which we mean medicare and medicaid. there is a discussion about possibly raising the age for social security and coverage for medicare, that kd of thing. so there's probably some area that could be the subject of entitlement but we're in a period where they are not looking for kprcompromise. they are going through a dance. we had john boehner, for instance, speaker of the house, writing an op-ed saying that health care is on the table which is probably absurd and blatant effort to widen the perimeters, but he is negotiating with two different sides, negotiating with the democrats in the white house but also negotiating with the hard line faction in his own party. he can't look too weak into these negotiations or he won't get the final result passed. >> let's talk about another political story. the resignation of jesse jackson due to health issues and that federal investigation that's been going on for some time now. his father jesse jr. had this to say about his son outside his chicago home yesterday. take a listen. >> he's with his family. and having dinner. and having p
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within the medicare program, move away from a fee for service system which does lead to higher costs, but we would not take -- we would not simply take those rising costs and put them on the backs of seniors as the republican plan would. >> yes or no, do you support raising the retirement age? >> no, i do not support raising the retirement age. as i said, i think the best approach to dealing with this is to build on the progress that we made in the affordable care act which is already showing signs of slowly bending the cost curve in health care. we need to do more, but we shouldn't do it by simply transferring the risks and costs onto the backs of seniors and that's the very different approach that we have taken from our republican colleagues. >> a growing group of liberal fiscal cliff jumpers if you will as they're being called, they seem to be willing to risk everything, jump off the cliff if social safety nets face deep cuts while tax rates stay low for the wealthy. do you think that is smart politics or could it backfire against democrats? >> i think what the president has said
to raise the retirement age of medicare, might fold parts of medicare into one, so you can get efficiencies. that will be on the table. there's going to be cuts. and i don't think it's a mystery about how big the tax increase is going to be. john boehner says 800 billion, the president puts down a $1.6 trillion marker. doesn't take einstein to figure out you get $1.2 trillion. to me, that's going to be the size of the tax increase. you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax for rich people. >> a combination of those two. we've got a lot more to talk about with you. monday night football highlights the eagles showing they don't need michael vick to lose
the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >> dana: do you think they are closer to a deal? after thanksgiving people get back to work. >> brian: i was encouraged when i pick up the papered president is working with people. but then i pick up the
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is that demoatcriticizepaul ryan for the premium support plan for medicare reform. the obamacare exchanges whi apply to people who are a low-middle income also is a premium support plan. so democrats have an argument against applying the obamacare racing just medicare? and mean, they like obamacare. what would be so terrible about migrating seniors ito the obamacare xchange as a wayto reform medicare using a demoatic apprach. gerri: you're turning the law and set a little bit there. interesting florid for example , medicare and medicaid. very important. 27 percent of doctors are not accepting medicare patients right now. is that going to get better or worse? >> is going to get worse because the cost pressure and spending pressures of medicare, the politicians have cheated. when not going to reformhe program to make it more efficient. eulogist pay doctors and hospitals less to cover this impatience. at a certain point doctors quit and house bills go broke. the medicare actuary says that 15 percent of all hospitals will go broke by the end of the decade because of these cuts. 30 percent by 2030. austral's accor
. >> paul: and joe, to have the full-blown obamacare, and he's got a deal with the exchanges and medicare and medicaid and the insurance rules as well. >> and the day after thanksgiving, 300 new pages of rules come out on essential benefits, all health plans must cover. >>en your job, joe, to read all-- so, but i'm sorry. >> so we're starting to see the wave of these rules are going to the white house budget office for review, and if you think about it, this law is supposed to be up and running on october 1st, ten months from now, we're really going to see a crush in the meantime. >> paul: what about the economic costs of this, mary? and not just in terms of how much each rule may effect the economy, but is there a larger cost to the economic growth? >> sure, i mean, take dodd-frank talking about, that can affect access to credit for hundreds of millions of americans, and financial innovations and the kinds of products available to buy and businesses that don't know what kind of regulatory costs they're going to face, they'll have to make decisions whether or not to hire more people to in
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healthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement plans help cover some of what medicare doesn't pay -- expenses that could really add up. these kinds of plans could save you in out-of-pocket medical costs. you'll be able to choose any doctor who accepts medicare patients. and you never need referrals. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> you know travel is such a big part of the holidays nowadays. >> millions taking to the skies. and a major plane maker is trying to make things easy on you. abc's jim avila has more. >> reporter: it's the airplane designed to bring back some of the fun in flight. boeing 737 dream liner the passenger jet with swooping wings and fuselage made primarily of plastic composite. >> it's absolutely a generational step. >> reporter: boeing has sold more than 800 around the world. but united is the first u.s. airliner to fly the dreamliner in service that began thi
and protecting medicare and medicaid and education from cuts. because for working families, it's all about putting americans back to work. not cutting the things we rely on most. >> this is just one part of the campaign to strengthen and support the middle class in this country. on a conference call last week, president obama made a direct personal appeal to 30,000 of his top campaign activists. he says it's not time to let up. the president told supporters he will barn storm across the country to keep people engaged in negotiations over the talks. the president's allies also plan on harnessing the power of the obama campaign including the dash board, a social network built by the obama team. the campaign manager says dash board helped win the election. it will now be used to promote the president's agenda. >> you could see people using dash board to say, okay, i want to talk about the choices in front of us in the fiscal cliff. we did over 350,000 events on dash board. it would be easy for supporters to start asking people to call members of congress. >> the biggest assets is republican s
are running ads, don't cut medicare and medicaid. at the same time the defense industry, manufacturers, they're lobbying against cuts. afraid jobs will be lost for the people who make the weapons. the list goes on and on. so how does this shape a potential deal? >> well, there's pressure from both sides. negotiators in congress right now from both parties are trying to find a way to avoid the cliff. that could be a temporary way to do that and come back over tax reform next year. i think what the signs are that the president wants to raise tax rates on the wealthiest 2% of earners, a balanced approach, but the republican party is saying, hey, wait a minute. let's close tax loopholes, close deductions. that's a better way. so i think they are looking for are a path down the middle. >> doug, try to reconcile all of this. you have "the washington post" which highlighted the number of polls showing people want smaller government but they don't want cuts in any of the entitlement programs. they do want the deficit cuts. you can't have it all, right? >> right. well, if you look at the exit polling
in entitlement programs like social security and medicare. joining me is a liberal senator from rhode island, senator sheldon whis whitehouse of rhode island. you're smiling but i don't know whether it's in delight you're going to be a holdout. a friend of mine, frank sullivan, regularly tells me about the unemployment situation in your state, the need a lot of seniors have to have rely on medicare and medicaid and social security. is that going to be your position. no deal if it involves those programs? >> well, i think the president has already said that social security should be outside of this discussion. it has not contributed to the deficit, and it shouldn't be part of the discussion. i think the press office said that the other day. we completely agree with that. we should set social security aside. it is solvent for decades and by simply kicking in the social security tax above $250,000 you can make it solvent or decades more. so that's less of an issue i think in reality than it is in the long time republican desire to attack it whenever they can. remember, this is a party that trie
medicare spending. so we're not close to actually having those kind of talks yet. what we have right now is a pr phase, a public relations phase, where both sides are trying to work the business community or work main street behind their side of the argument. >> and it does seem that we have a split not just about what needs to get done or how we get to this deal, dana, but about the urgency of what would happen if we didn't come to a deal. the white house put out that 14-page report on monday and had all these frightening details about what happens to the economy if we go off the fiscal cliff, a key point they say consumer spending would take a $200 billion hit next year. is there a growing sense, though, dana, that going off the cliff would be preferable to caving on issues that are important frankly to both sides? >> certainly the extremes on both sides are saying that it may be preferable. it is entirely possible that that's what will happen. sort of like those discussions of can we survive, you know, the nuclear winter. it is -- the good news is that a deal is fairly obvious what ne
. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ remember, all medicare supplement insurance plans help cover
but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> reporter: now the bottom line when you listen to comments like that it is pretty clear both sides are digging in pretty tough. not a lot of progress in these talks. and what is interesting republican senator tom coburn said on fox earlier this morning look, either both sides will come together and solve
announcer ] if you're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. gregg: efforts to bring to an end the violence between hamas militants and israel ... secretary of state hillary clinton is in egypt. earlier she met with pale
republicans seem to really want is what they would call reform or spending cuts on the medicare side. you guys, your think tank released a report on how to do that while protecting seniors. if the center for american progress is saying you can cut medicare, is there common ground that can be reached here? >> i hope so. in the distant past, it was republicaned talking about ways to strengthen medicare by ensuring we are lowering health care costs. $385 billion in additional savings in medicare, but importantly, our proposals protect middle income beneficiaries. the pledge has required that republicans really go after beneficiaries. both for medicare and social security. so we're saying you can have a good deficit reduction plan that has savings in medicare, but it's important that we protect those who are vulnerable in the middle class, seniors, those on medicaid and we can do that. and one thing i would say about the pledge, there's a lot of talk about the politics and republicans moving, et cetera. the issue here is not politics when we're together. americans support this idea of basic fairne
coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $2 at thousands of pharmacies in retail locations like these, all across the country. call now to learn more. unitedhealthcare has the infor
are going to go bankrupt so we need to reform welfare, we need to reform medicare, medicaid, we need to cut spending. and that's why we should start. >> mark, i know that democrats would love to start with the pentagon as far as cutting spending, but what about entitlement reform? do the democrats need to be willing to sit down at the table and talk about some of their sacred cows? >> yeah, democrats are going to have to cut things that are uncomfortable for democrats to cut just like republicans will. >> rick: like what? >> as you mentioned, well, let me first take issue with something that angela said, education, i don't know whether she characterizes that as entitlement. >> no, i don't, okay, well, good, good. >> energy is not entitlement either. >> no, okay. >> and my sister is a teacher as well. >> so we need, okay, we're on board with that then, but i think that, look, you have the pentagon and military spending in this country, in this country is greater than or equal to all other countries in the industrialized world combined and you know, we're giving. >> rick: i know, i know, we k
find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $2 at thousands of pharmacies in retail locations like these, all across the country. call now to learn more. unitedhealthcare has the information you need so you'll be better pr
're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automaticall
found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. ♪ ♪ every time he drinks he thinks of her ♪ ♪ but every morning her memory fades away ♪ >> every time he drinks he thinks of her. >> willie's son lucas nelson wrote it. with me now, talented guys your sons? >> yes. >> one
entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, maybe even the social security entitlement program and to do it now? >> social security doesn't add one penny to the deficit. it's a separate trust fund. i believe it needs reform over a long period, but it should be done separately from this showdown over the fiscal cliff. medicare as i mentioned will run out of money if we don't do something. it runs out in 12 years. medicaid, the health insurance program for the poor across america, is critically important. one out of three people in this country are going to rely on medicare and medicaid for their health insurance. so we need to find ways to preserve these progra
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
security and medicare. many key players are talking more defiantly on these issues since the election. nancy pelosi for example flatly said she wouldn't go along with a deal that didn't raise tax rates on the rich. let's watch the former speaker. >> we've seen talk about a possible compromise that would leave rates the same but cap deductions for high income earners. is that something that's acceptable? >> no. >> not at all? no way? >> i mean, the president made it very clear in his campaign that there is not enough -- there are not enough -- what you just described is a formula and a blueprint for hampering our future. >> okay. senate majority leader harry reid said social security should be completely off the table. let's watch the senate leader. >> i've told anyone that will listen, including everyone in the white house, including the president, that i am not going to be part of having social security as part of these talks. >> okay. the president is feeling the pressure to stick to his guns but how much room does he have to reach a compromise before the end of the year? and will t
. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ reme
is not raising taxes or medicare or social security n. 30 years, medicare and medicaid alone will consume all the revenue coming in taxes. these are unsustainable entitlement programs. they have to be reformed to save the program and to keep the country from going into a greek-reich status. there are $8.6 trillion of unfunded like the in social security. to make it solvent the next 75 years, you valid to put $8 trillion in the bank today. for medicare, it's three times that, so if you don't reform entitlements, you will never avoid the coming grief. post-election, democrats have the wind behind their back, the president does on this. is there any appetite for this or is it going to be a bloodbath? >> a lot of democrats understand that medicare -- social security runs out of money in 2033. medicare runs out of money in 2024. so these programs literally go bankrupt. if you want to save them, you have to restructure them. younger people need to work longer. me and you, we make enough money to pay more into the system without losing our quality of life. age adjustment and means testing will help
identity. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ >>> breaking news tonight on the li
absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for generations to come. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> breaking news tonight on the libya mess. a new allegation that the obama administration still cannot get its story straight after so much time, even as recently as this morning. ironically, this latest charge flows directly out of an attempt at damage control. u.n. ambassador susan rice's tri
1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress and the white house that set the deadline in hopes of forcing each other to cut the federal budget deficit and begin to address the growing national debt. of the half trillion dollars the fiscal cliff is designed to cut in red ink next year, 80% of it comes in the form of higher taxes. under current law, 20% comes from lowering government spending. this is just the first step as part of a $7 trillion effort to cut the debt over the next decade. that has led some to describe what could be coming as a fiscal slope, not a cliff. whatever geological description you prefer, it is on the map for every american. >> susie: a critical issue in this fiscal cliff debate: jobs. if the gove
for medicare. >> there will be gaps in coverage. >> another chairman max baucus told the newspaper in his home state the wish list for the debt talk includes more money. tax credit for wind farms in montana, protecting rural hospitals and ending the estate tax. others are going further urging the president to allow the nation to dive off the cliff with the automatic touch to pentagon -- cuts to pentagon ib stead of to domestic programs. >> on the question of leadership, the white house aides say the past weekend, the president called both senator reid and speaker boehner to get things going. there is a talk of a immediating at the white house later this week. >> ed henry live on the north lawn. thank you. stocks were mixed. the dow lost 42. nasdaq gained ten. they are still trying to find a deal for bail-out money for greece. they failed to reach an agreement twice in two weeks. mary schapiro is leaving next month. she will be replaced by the sikh commission member elite walter. you may want to let go of your mouse and pay attention the next story. you and your fellow americans are expected to
the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. do you really think brushing is enough to keep it clean? while brushing misses germs in 75% of your mouth, listerine® cleans virtually your entire mouth. so take your oral health to a whole new level. listerine®... power to your mouth™. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. wome
's coming up next. ,,,,,,,,,, ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4 becomes a preferred network copay of $1 when you fill your prescription at any of the 8,000 convenient walgreens locations. so call and enroll today. remember, the premium is just $15 a month. don't wait. open enrollment ends december 7th. aarp medicarerx saver plus. call now or visit your local walgreens for more information. >>> we're going to make one of your dishes that you make together with cute peppers. >> we are using the smaller tri- color peppers because they are sweeter and they cut and look nicer in a dish. so we are sauteeing the peppers with actually whole red peppers.
of larry hagman. ♪ [ male announcer ] introducing a brand new medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4 becomes a preferred network copay of $1 when you fill your prescription at any of the 8,000 convenient walgreens locations. so call and enroll today. remember, the premium is just $15 a month. don't wait. open enrollment ends december 7th. aarp medicarerx saver plus. call now or visit your local walgreens for more information. >>> world champion boxer hector died today at a trauma center in puerto rico. the boxer known for his lightning kick hands emerged from a troubled childhood to become a world champion in three weight classes. he went into cardiac arrest early today and died after he was tak
look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the entitlement programs going by the wayside. makes people nervous. talk to people in terms of understanding not really a way to try to panic but certainly a p compromise. >> i would argue it is time to panic. they need to do something drastic. every moment you wait to do something it will be harder to do something when it comes time to do something. politicians are scared of their own shadows very often which is why we are in the problem we are in. that's why they have to address
's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >> all of the things that have-- they have lied about things gone on in this administration, they have never called a male unqualified, not right, not trustworthy. i don't recall it ever happening. they didn't even say that about general petraeus who they're all up in arms about. so, there's a clear, in my opinion, a clear sexism and racism that goes with these comments that are being made by, unfortunately, senator mccain and others. >> now that john mccain sunk his teeth in he's made it about presidential authority and frankly there's a witch hunt going on on the right abou
budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all me
medicare prescription drug plan. it's called the aarp medicarerx saver plus plan from unitedhealthcare. and it's for people who want the lowest part d premium in the united states... only $15 a month. and copays could be as low as a dollar. so call unitedhealthcare now to enroll or learn more. with this plan, you can save 40% or more on your copays by using a preferred network pharmacy, like walgreens. for example, a network copay of $4 becomes a preferred network copay of $1 when you fill your prescription at any of the 8,000 convenient walgreens locations. so call and enroll today. remember, the premium is just $15 a month. don't wait. open enrollment ends december 7th. aarp medicarerx saver plus. call now or visit your local walgreens for more information. >>> two families that share a house in gilroy barely escaped injury when someone opened fire on their home. police say this was a embank related drive-by shooting. it happened just after midnight on glenview drive. the suspects first fired on an unoccupied car parked on the street. then they took tim at the house. a bull
average star rating among national medicare companies... and become the first and only naonal medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result n the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter mos i love you, grandma! [ male announcer ] humana. ♪ >> i'm liz macdonald with your fox business brief. it is a mixed afternoon on wall street. the dow is down 25 points to 12,942. consumer confidence climbing to nearly five-year high as americans become more optimistic about the outlook for the u.s. cone my. the conference board november reading coming in better than expected at 73.7. that is highest reading since february 2008. >>> small business saturday is starting to draw more shoppers nationwide that want to spend holiday dollars at local stores. according to the nfib and american express, five 1/2 billion bucks of the total thanksgiving weekend sales were small business saturday related. president obama is meeting with small business owne
and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >> harris: they got him, fbi picks up one of the ten most wanted fugitives, jose luis saenz, a gang member wanted for shooting and killing two members of his rival gang in los angeles in 1998. police arresting him in mexico and taking him back to l.a. they say he thought his girlfriend was going to tell police about the murder and he kidnapped, raped and killed her. she was also the mother of his child. he was on the fbi's most wanted list since 2009, putting him among the ranks of usama bin laden and the notorious boston crime lord, james whitey bollinger: a manhunt comes to a close with police arresting a man suspected of openin
" editorial who wrote "the actual liabilities of the federal government including social security, medicare and federal employees future retirement benefit exceed $86 trillion." the second ranking senate democrat is for addressing entitlements but not now. >> medicare and medicaid insure one-third of all americans. they represent about 20% of our budget. and they are a real challenge to us. because untouched unamended medicare will run out of money in 12 years. that is scary. >> though as the negotiations continue, durbin does suggest that obamacare is on the table. >> the only perfect law i know was carried down mountain on a stone tablet by senator moses. everyone else has define their very best to write a good law and realizes oaf time changes have to be made. i'm open to whatever, you know, elements we need to reconsider there. but i think we have the right starting point. >> much of the anxiety in washington seems to be over not knowing the details of the president and speaker boehner's negotiations. lawmakers on both sides suggest it could be a good thing. they are talking to each oth
, but what counts is what he's willing to put on the table and so far, he hasn't put medicare and social security, saving and preserving those entitlement programs on the table. i believe they have to be, because if we're going to preserve those for future generations, we need to do something meaningful on those. the problem is, erin, if we just do cuts in temporary spending, those can easily be undone. we know there's been a lot of promises made in exchange for tax increases and it never comes to pass when it comes to spending cuts. >> there was a "washington post" poll which said raise taxes on incomes over $250,000 a year, 60% support it. when you ask about raising medicare coverage from 65 to 57, most people oppose that. so do you have the courage to say, we have to raise retirement age. raising taxes on the wealthy is easy. >> it is hard to do and you can't do it on a partisan basis. this election did not produce a mandate for president obama or our democratic friends, we have got exactly the same thing we had before the election which is divided government. >> he has more people in
, with the promise of cuts to programs like medicare later. on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attendee telling the "washington post" they expect the taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. pressed today on whether the spending cuts are kicked down the road, white house spokesman jay carney was noncommittal. >> you are not having any spending cuts now. you want to do spending cuts next year; is that a fact? >> no. it's not a fact. these are all parts of aspects of the conversations that are ongoing. >> some republicans are pushing boehner an other leaders to accept an extension of the middle class cuts to avoid the white house blaming them for crash over taxes on the rich. >> everybody is waiting for schedule to go up. unless we fix that paradoxically. president obama becomes defender of the bush tax cuts for 98% of the people. he
to choose your medicare coverage begins october 15th and ends december 7th. so call to enroll in a plan that could give you the benefits and stability you're looking for, an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combines medicare parts a and b, which is your hospital and doctor coverage with part d prescription drug coverage, and more, all in one simple plan starting at a zero dollar monthly premium -- no more than what you already pay for medicare part b. an aarp medicarecomplete plan offers you benefits like an annual physical, preventive screenings and immunizations for a $0 copay. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. there's more. when you enroll in an aarp medicarecomplete plan insured through unitedhealthcare, your benefits could also include vision and hearing coverage, and prescription drug coverage accepted at pharmacies nationwide. the pharmacy saver program makes prescriptions available for as little at $2 at thousands of pharmacies. unitedhea
on welfare that is more than defense and medicare combined. but we are talking about illegal immigrants that are given food stamps and they are not entitled to medicaid or medicare or social security. it is a food stamp program and set up with wether mexico is pulling up their fair share. >> and john, you go to the web site. anybody can go to the web site. welcome to america web site this is it just a page from it government ben fets and welcome to america here are the benefits and here are the freebeies. and depending on your immigration status and length of time in the u.s., you may be eligible for federal benefit programs and it goes through a long lit any and it is long and a lot of money. >> it is unfortunate. immigrants are treasures the arrival of each one makes us more american because it signifies. >> if they are here to work. >> absolutely. it is it the last thing you want to do is offer them hand out to come here. that insures that you get a lower quality person coming here. we want to attract those who want to come here and achieve. >> steve, that is it the problem. i would
emboldened. they want to see taxes go up on the rich. they want to protect programs like medicare and medicaid. will they give president obama room to negotiate some kind of deal that gets through this hell coming january 1st. they say they won, the other side lost, they're going to fight. >>> plus democrats are moving to end the so-called silent filibuster which republicans have used to quietly say if you don't have 60 votes, you ain't going nowhere. this is the big question, if they're successful, it's possible, it's possible the democrats will be able to get some things done. we'll talk about that in a minute. they're going to be just like jimmy stewart finally. they're going to force them to actually filibuster like they did in "mr. smith goes to washington." anytime they really want to shut down the senate. >>> and the democrats considered least likely to win back her senate seat beats the odds, and i think thanks to todd akin, and is back for a second term. our friend, the great claire mccaskill, joins us tonight, the senator from missouri. >>> what's the first sound you hea
into megadisaster. we'll tell you how not to in a moment. shopping for medicare coverage? don't wait. open enrollment ends december 7th. now's the time to take action. call unitedhealthcare today. >>> is there breaking news that's been happening this morning? we just told you off the top of the program president obama is going to meet with his former challenger mitt romney at the white house tomorrow. that is exciting. then also there is something that is going on right now. there is a meeting right now between the u.s. ambassador to the u.n. susan rice, who has been under a lot of criticism lately for the things she said after the benghazi attack in libya. and also with the top republican in the homeland security committee, senator susan collins of maine the republican from maine. we think that meeting might break up any minute while we're in this program live and if it does i'll interrupt what i am doing or about to do hopefully to have a few words with the good senator about how the meeting went. if it was anything like yesterday, ooh, didn't go so well with the senators she met with ye
it would seem. nobody wants their medicare or social security benefits cut, and those are the huge drivers of national debt. >> don't forget that barack obama during the so-called grand bargain talks of a year and a half ago put entitlement spending, entitlement cuts on the map. he basically said, look, democrats will talk about raising the age for medicare, for example, social security, you know, all these issues. the problem is, you know, as monica just pointed out, when you have a senator like saxby chambliss not necessarily saying i'm going to raise taxes, but saying i'm not going to be held enthralled to grover norquist or some pledge i signed, i'm going to at least consider it. then you hear from the primary, oh, no, you're getting a primary, you're out of there. how do you compromise from somebody who raises his head and says i'm not going to necessarily do it, i'm just going to talk about it, and all of a sudden you're outta here? >> because, look, both parties have to stand for something. if you flush down the toilet your core principle about not raising taxes on the american peop
the united states, although medicare is very expensive, it has been much more successful at cost control than private insurers have been, medicaid even more successful, and the crazy thing about america, we actually have everything -- all possible systems of some version here. the veterans health administration, which is true socialized medicine, the doctors are government employees -- is incredibly efficient relative to the rest of the health care system. >> you did a calculation that showed if we had a healthcare system that was as efficient as the best in europe or france, canada, germany, or the uk, take your pick, we would have no deficit -- >> baby-boom demographics. >> that's right. everyone else -- but the -- canada is just a single-payer system but not socialized medicine. it's medicare for everybody. france is complicated. but it's a mixture of public provision, public health insurance, but it is -- much heavier hand of government than the canadian system. about the same cost as canada january system but spectacular outcome, and britain has a system which is pure socialized medicine
and not touch medicare or medicaid? it is all part of the deal. >> gretchen: once you get people back to the table. it is it like a marriage, marriages don't work when one party said i will not budge on anything. >> brian: i hope my wife is listening. >> steve: we are in the let's make a deal stage. both sides want to appear flexibility when it comes to doing something. we aapparently the president of the united states. the week after thanksgiving nothing is scheduled. but we understand that the top aides are working together to do something. who is leading the charge for the white house? tim geithner. it is interesting, in the beginning, during the confirmation it was revealed he did not file taxes properly and people say is he qualified to be the treasury of the secretary. according to the wall street journal. they work with him and like him. and jack lu who did it last time blew it. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn'
't want deep cuts to programs like medicaid, medicare, social security. some republicans say it's the only way to get a deal. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest single drivers of our debt. >> one out of three people in this country are going to rely on medicare and head cade for their health insurance. so we need to find ways to preserve these programs. >> senator durbin says the debate over entitlement programs should be fought after the new year. he's going to join us in a few minutes to talk about it. >>> police on new york's long island investigating a deadly bus crash, a 6-year-old boy was killed last night when the driver of that bus lost control and went barreling into the front bedroom of the boy's home. police say the bus driver swerved to avoid hitting a pedestrian. 11 people on board the bus suffered minor injuries. the boy's 7-year-old briere was hurt but not se
. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with taxes that doesn't have entitlement reform incorporated into that. so i think right now we're a little bit of a standoff, but the way to solve this would be of course to extend the existing tax rates which is by the way something
medicare, medicare and education from cuts -- >> reporter: major unions have spent millions targeting democrats, hoping to stop the program. congressional staffers met over the holiday week and leaders hope to meet with the president in the coming week. there are predictions it could be wrapped up before christmas. we'll see. >> david kerley, thank you. >>> we are going to turn overseas and a scene of horror. a clothing factory that went up in flames. the workers trapped inside. the factory is in bangladesh but the clothes they make are for international companies, some of those companies american, allegedly including walmart. brian ross is tracking the factories and their safety violations and is already beginning to ask questions tonight. >> reporter: the fire broke out at night as hundreds of garment workers were on overtime shifts, producing clothes bound for major american retailers including walmart according to worker rights groups. officials in bangladesh say the flames spread rapidly on the ground floor, trapping those on the higher floors. there were no exterior fire escapes
to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according to the retail research firm big insider, a record of 247 million shoppers visited stores or websites over the four-day weekend, an increase of more than 9%. and they spent more than they ever have before, an estimated $59.1 billion. retailers hope the shopping frenzy continues today, cyber monday. cbs morning watch's ashley morrison is here in new york with that and more, good morning to you. >> good morning to you. americans' ho
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